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The IMF and the World Bank: 75 years on

A decade after the financial crisis shook the foundations of the global financial system, the Bretton Woods Institutions face an uncertain future.

The IMF and the World Bank: 75 years on
Image: Joe Brusky, CC BY-NC 2.0
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This year marks the 75th anniversary of the establishment of the IMF and World Bank, which followed the 1944 Bretton Woods conference. Although their roles have evolved over the past three-quarters of a century, these institutions have become important vehicles through which neoliberalism has been expanded and entrenched. Yet, despite their continued influence over macroeconomic policy and dominance over the global financial and development architecture, celebrations of the Bretton Woods Institutions’ landmark anniversary could well be muted.